Top Asset and Wealth Management Trends According to Zephyr
Personalization
Clients are requiring more personalized service and improved engagement. As a more diverse group of investors enter the market, it is vital to take into account individual traits and biases which influence investment decisions.
Simplifying the Complex
Advisors are time-starved, leveraging technology to streamline processes such as performance reporting, analytics and proposal generation give time for more frequent client engagement.
Scalability
The Mass Affluent market is growing rapidly and estimated to reach $10-$25 trillion and has maximum growth potential. Currently only 5-10% of wealth advisor's AUM lies with the Mass Affluent.
Risk & Compliance
Risk & Compliance issues are being driven by changes in Regulation including:
•Regulation Best Interest (RegBI)
•Fiduciary Rules
•Information Sharing & Security
Artificial Intelligence
AI is reshaping wealth management in longevity planning, shortfall optimization, mining data on clients and improving overall operational efficiency for both advisors and clients.
Alternative Investments
Advisors and Clients are looking to include alternative investments more and more into their clients' portfolios to diversify in order to reduce risk and increase returns.
Impending Wealth Transfer
An estimated $84 trillion will be passed down from baby-boomers to younger generations within the coming years, reshaping and increasing the capital of younger investors who have unique investment interests.
Market Turbulence
Volatility in the financial market is nothing new, but 2024 brings increased geopolitical tensions, rate cuts and lingering COVID-19 effects.
Be a Trendsetter.
Discover the latest asset and wealth management trends through the lens of Zephyr, winner of Fintech Breakthrough's Best Retail Investment Platform and best overall analytics platform in 2022 and 2023.
Adapting to innovative investment strategies into your practices is vital for you as an asset or wealth manager. Staying relevant is just a small part of keeping up in a highly competitive industry. Maintain your lead - read more about the latest asset and wealth management trends below.
AI's Impact on Wealth Management
AI is reshaping traditional practices into data-driven strategies that optimize portfolio decision-making but enhance customer experiences.
Communication is Key
Portfolio managers play a crucial role in their client's financial journey. Leveraging investment analysis tools in Zephyr's Asset and Wealth Management Platform elevates managers like you to a new echelon of service to their clients. Using our award-winning platform, you can provide the most tailored investment management solution to your clients.
A Rising Need for Customized Financial Service
Investment professionals need to create tailored approaches, accounting for individual risk tolerance and objectives in order to attract new clients and retain existing ones. Empower your clients to achieve financial success and adapt swiftly to market changes.
A Rising Need for Marketing in Financial Services
Asset and wealth management is a constantly evolving industry and the need to stand out as an investment professional is becoming increasingly vital. The ability to deliver your clients a highly customized experience can help differentiate yourself from fierce competition within the financial services industry.
Empowering the Future for A More Sustainable Tomorrow
As the Great Wealth Transfer unfolds, wealth managers and asset managers have a unique opportunity to guide Gen Z and Millennial investors in aligning their investment strategies with their values and preferences. Zephyr's partnership with OWL Analytics can assist you in identifying the best opportunities in a changing market.
Inside SMAs
While Mutual funds and ETFs continue to grow in market share, SMAs are gaining in popularity due to their unique benefits and changing trends within the wealth management space which can enhance the client experience.
REITs Impact on Investment Portfolios
With real estate investments being more accessible than ever before, it’s time for you to consider incorporating real estate investment trusts into your client portfolios. Let’s take an in-depth look at REITs: types of REITs, benefits, risks and more.
Storming the Castle: What Warren Buffet taught us about moats
In 2007, Buffett again reiterated “moats” in Berkshire Hathaway’s annual letter to shareholders, “A truly great business must have an enduring ‘moat’ that protects excellent Returns on Invested Capital.”
Integrating Technology is More Important Than You Think
Synergy between traditional asset and wealth management services and financial technology are redefining the way client service in the industry is approached. FinTech's like Zephyr have emerged as not only a compelling tool for managers but are propelling the evolution of financial planning and investment management to a global stage.
Market Volatility Creates Opportunity
Recent global events have had a profound impact on financial markets globally. By utilizing a Zephyr's Asset and Wealth Management Platform, financial advisors, asset and wealth managers like you can bring high returns to their clients, even in times of high instability.
Deliver Excellence Through Better Client Service
Zephyr’s advanced investment analysis tools and investment performance reporting tools play a transformative role in meeting these demands. Our platform, tailored for asset and wealth managers, is paving the way for the future as a powerful portfolio reporting and financial analysis tool. More below!
Wealth Management Trends FAQ's
Learn more about trending topics within the realm of wealth management with Zephyr.
What are the best tools for wealth management?
Zephyr's Proposal Generation platform equips asset managers with the necessary tools to create compelling presentations, enabling you to conduct household analysis, perform risk assessments, link model portfolios to risk scores, optimize portfolios using various models, demonstrate financial goal setting success with Monte Carlo Simulation, guide clients through asset class selection, employ Portfolio DNA analysis and enhance client understanding for stronger referrals.
What are current trends in wealth management?
Wealth managers are increasingly adopting a personalized and goals-based approach to client engagement. They focus on understanding clients' specific financial goals, risk tolerance, and life circumstances to develop tailored investment strategies and financial plans. The demand for sustainable and impact investing has been growing rapidly. Investors are seeking opportunities to align their investments with environmental, social, and governance (ESG) considerations and support companies that contribute to positive social and environmental outcomes.
Why is a portfolio analysis software important in meeting current trends?
Zephyr leverages data analytics capabilities to provide deeper insights into investment performance, risk exposures, and market trends. With robust data analytics, wealth managers can identify patterns, correlations, and opportunities that help inform investment decisions and optimize portfolio performance. Portfolio analysis software helps address compliance requirements by generating accurate and comprehensive reports, tracking investment suitability, documenting investment decisions, and supporting risk management practices.
Tags: wealth management industry trends, financial industry trends, finance trends, wealth management trends, investment management software, investment management tool, investment tracking software investment portfolio management software, portfolio management software for advisors, portfolio tracking tool, portfolio management tools, portfolio management software, ria tool, portfolio performance reporting software, portfolio attribution analysis software, financial data, investment data, investment research